JD Sports incorporates new talent to its board of directors. The British fashion and sports equipment company has appointed Suzi Williams as a new non-executive director. As the company explained in a statement, the directive will be part of the board of directors from today.
“Williams’ appointment is part of the progress the company is making to strengthen the board with new members who have long careers,” said Peter Cowgill, CEO of JD Sports.
In addition, the manager has also pointed out that the company’s plans are for Williams to be appointed chair of the remuneration committee in the future. The board is specialized in management and marketing.
In parallel, Williams is also an independent director of the telecommunication companies Telecom and Zegona. The director has more than thirty years of experience in companies such as Procter & Gamble, Orange and the BBC, where he was in charge of the marketing departments, and in the British communication company BT Group, supervising the launch of BT Sports.
JD Sports plans to name Williams chair of remuneration committee at a later date
In 2019, JD Sports also added Kath Smith to its board of directors. The director had previous experience in international business development and was Vice President of The North Face for the Emea regions (Europe, Middle East and Africa).
In the middle of last year, the British company announced the departure of Peter Cowgill, the group’s first swordsman, from its leadership for this year. After his departure, the manager has maintained the functions of executive president.
In addition, the company also explained that “some members of its board of directors had remained on it for longer than the Corporate Governance Code recommended.” Since then, JD Sports has been addressing the composition of its council by incorporating new members..
JD Sports closed the 2021 financial year, ended on January 30, with an increase in revenue of 0.92%, to 6,167.3 million pounds (7,263.4 million euros). In the period, its net profit increased by 7.03%, to 324 million pounds (381.5 million euros).
According to the latest available data, in the first quarter of fiscal year 2022, JD Sports increased its comparable sales by 5%. Looking ahead to the next financial year, which will end in January of next year, the group expects to place its profit before taxes at 940 million pounds sterling (1,107 million euros).